Empire Cannabis Clubs Signs Lease For 5th NYC Location At 424 Broadway
LEASED
$300
New York
See Similar DealsMultiFamily4,200 SF
Leased 03/01/2023
LEASED
Empire Cannabis Clubs Signs Lease For 5th NYC Location At 424 Broadway
424 Broadway
See Similar DealsMultiFamily4,200 SF
Leased 03/01/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$300
Total Square Footage:4,200 SF
Transaction Type:Lease
The lease for a retail property located at 424 Broadway in New York City has been finalized. The property is owned by The Jackson Group and will be occupied by Empire Cannabis Clubs. The deal was facilitated by Meyer Saff of Retail Zone.
Summary of transation details
- Property Type: Retail
- Asking Rent: $300/ft
- Square Footage: 4,200
- Date: 03/01/2023
- Address: 424 Broadway, New York City
- Market: New York City
Empire Cannabis Clubs will be opening their fifth location in New York City at 424 Broadway. This lease agreement marks their expansion in the city. Meyer Saff, from Retail Zone, represented Empire Cannabis Clubs in this transaction. For any potential sites for Empire Cannabis Clubs, Meyer Saff can be contacted at 917-596-5976 or [email protected].
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,444,448.79
Total Lease Value
$14,444,487.93
Net Landlord Cash Flow$1,444,448.79
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